image description
image description
Tell A Friend

FinancialNews


  • 07-12-10

    Dubai's Palm Jumeirah Hotel secures $115m loan

    (MENAFN) Joe Sita, President of IFA Hotel Investments, which oversees successful mixed-use developments including the Fairmont Palm, revealed that it has secured a finance deal from a bank, valued at $115 million, to complete its Palm Jumeirah Hotel project, Arabian Business reported. According to Sita, the financing agreement will allow IFA HI to expedite the project�s completion to the first quarter of 2012. This is the second loan the bank has facilitated for IFA, with the first being a $165.9m loan to finance The River by Thai developer Raimon Land, in which IFA HR is a major stakeholder, Sita added.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved